What is Ren (REN)?
Ren is a decentralized protocol that enables you to move your digital assets and perform various activities across multiple blockchain platforms. It is powered by the Ren Virtual Machine (RenVM), a network that connects blockchains and allows interoperability between them.
The project was created by Taiyang Zhang and Loong Wang, two software engineers from Singapore in 2017. Till now, the Ren team is still based in Singapore.
How Ren (REN) Works
RenVM, the core of Ren, is run by nodes known as Darknodes. Each independent computer has to deposit 100,000 REN tokens to run a Darknode. This money is used to compensate any asset lost in the process of moving from one blockchain to another caused by a certain Darknode. Darknodes are randomly designated into groups called shards once a day, making the protocol less vulnerable to Sybil and colluding attacks.
With this setup, RenVM allows three kinds of cross-chain transactions:
• Lock and mint: sending an asset from its original chain to a host chain
• Burn and mint: sending an asset from a host chain to a different host chain
• Burn and release: sending an asset from a host chain to the original chain
How Many Ren (REN) Tokens Are in Circulation?
REN is the native token of the Ren network that follows the ERC-20 standards. It has one billion tokens in total supply, and almost 100% of them have been distributed.
How to Buy Ren (REN)
Consider investing in Ren (REN)? It only takes 2 minutes to create an account on Bitget and start trading REN.
Check out the available REN trading pairs on Bitget!
Futures market
Spot market
Ren (REN) Resources
Buy Ren in Denmark with Bitget
Simple 3-step guide to buying REN today in Denmark
Create your free Bitget account
Select a funding method
Complete your Ren purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Ren using a payment method of your choice:
Buy Ren with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Ren order.
How to buy crypto with credit/debit cardBuy Ren with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Ren is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Ren order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Ren order.Buy Ren with the fiat balance in your Bitget account
You can Deposit fiat funds using SEPA to top up your Bitget fiat balance. Then click Buy Crypto > [Cash conversion] in the top navigation bar to place your Ren order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Ren in your Bitget spot wallet
Bitget—where the world trades Ren
How to buy Ren for free
- Learn how to earn Ren for free through the Learn2Earn promotion
- Earn free Ren by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Ren airdrops by joining On-going challenges and promotions
Buy other cryptos
Buy Ren in a different country
Denmark is a country located in northern Europe, and it is the southernmost country among the Nordic countries. It is bordered by Germany to the south and is directly connected to the European continent by land. In terms of latitude, it is about the same as Scotland and has been a member of the EU since 1973. Denmark has a population of about 5.9 million people, and the official language is Danish. The currency in Denmark is the Danish krone (DKK).
Whether you are in Copenhagen, Aarhus, Odense, or elsewhere in Denmark, Bitget is ready to serve you with your cryptocurrency needs. It only takes minutes away to invest in Ren(REN), and many other coins on Bitget, the fastest-growing cryptocurrency exchange platform in the world. Bitget offers secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.
One of the most popular scenes when it comes to Denmark is the signature tourism spot: Nyhavn, as known as the New Harbour. It is lined by brightly colored townhouses, restaurants, cafes, and bars which were built in the late 17th century to early 18th century.